Monte Carlo methods are often applied to problems in finance especially in the area of risk calculation by the Value-atRisk (VaR) measure. Different applications of statistical resampling techniques are shown, specifically bootstrapping, to refine the computational results in different ways....

Market liquidity is the ease of trading an asset. Its risk is the potential loss, because a security can only be traded at high or prohibitive costs. While the omnipresence and importance of market liquidity is widely acknowledged, it has long remained a more or less elusive concept. Treatment...